Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies (NYSE: MMC), announced the appointment of Jeff Saper as CEO of the Pacific region, with immediate effect.

In his new role, Mr. Saper will be responsible for overseeing the company’s Treaty and Facultative activities in the Pacific region and will focus on further developing its growth strategy and strengthening its capabilities. Based in Sydney, Mr. Saper will report to Tony Gallagher, Asia Pacific CEO.

Mr. Saper brings over 30 years of reinsurance market experience to the role. He re-joined Guy Carpenter in 2014 as Head of Casualty Facultative for Asia Pacific and Head of Facultative for Australia and will maintain these responsibilities in his new role.

Commenting on the announcement, Mr. Gallagher said: “Jeff has achieved considerable growth across our Facultative business in Australia and has helped to make the division one of the fastest growing businesses in the Asia Pacific region. With over 30 years in the reinsurance industry, he has established a strong reputation built upon his extensive market knowledge of the Pacific region. I am confident that Jeff will lead the Pacific forward to the next level and continue to grow our business in the region.”